Ethereum Foundation’s recent conversion of 1,000 ETH into stablecoins is valued at approximately 4.5 million USD. This sale, executed through CoW Swap, aligns with their strategy to foster decentralized finance (DeFi) while maintaining a balance in investing.
This latest transaction differs from EF’s prior announcement to sell 10,000 ETH over an extended period. The foundation emphasizes its commitment to the Ethereum ecosystem’s growth, particularly in financing essential DeFi initiatives.
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